McConnell, R-Ky., motion that the Senate recede from its amendment and concur in the bill with a further amendment. The bill would revise the federal income tax system by lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaries. Specifically, it would repeal personal exemptions and would roughly double the standard deduction through 2025. It would raise the child tax credit to $2,000 through 2025, would repeal the alternative minimum tax for corporations and provide for broader exemptions to the tax for individuals through 2025. It would double individual exemptions to the estate tax and gift tax through 2025, and would establish a new top tax rate for “pass-through” business income through 2025.

McConnell, R-Ky., motion to concur in the House amendment to the Senate amendment to the bill that would provide funding for federal government operations and services at current levels through Jan. 19, 2018. The bill, as amended, would authorize $2.1 billion for the Veterans Choice Program, $2.9 billion in mandatory funding for the Children’s Health Insurance Program and $550 million in funding to Community Health Centers through Mar. 31. The bill would exempt funding provided to the Children’s Health Insurance Fund and other health programs, as well as the tax overhaul package, from statutory pay-as-you-go requirements. It would provide $4.7 billion in emergency supplemental funds for missile defense and Navy ship repairs. It would also extend authorities under the Foreign Intelligence Surveillance Act through Jan. 19, including FISA Section 702, which allows U.S. intelligence agencies to obtain data from electronic service providers or non-U.S. persons who reside outside the U.S.

Brady, R-Texas, motion to concur in the Senate amendment to the tax overhaul that would revise the federal income tax system by: lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaries. Specifically, it would repeal personal exemptions and would roughly double the standard deduction through 2025. It would raise the child tax credit to $2,000 through 2025, would repeal the alternative minimum tax for corporations and provide for broader exemptions to the tax for individuals through 2025. It would double individual exemptions to the estate tax and gift tax through 2025, and would establish a new top tax rate for “pass-through” business income through 2025. It would effectively eliminate the penalty for not purchasing health insurance under the 2010 health care overhaul law in 2019. It would also open portions of the Arctic National Wildlife Refuge to oil and gas drilling.

Frelinghuysen, R-N.J., motion to concur in the Senate amendment to the bill with a further House amendment that would provide funding for federal government operations and services at current levels through Jan. 19, 2018. The bill, as amended, would authorize $2.1 billion for the Veterans Choice Program, $2.9 billion in mandatory funding for the Children’s Health Insurance Program and $550 million in funding to Community Health Centers through Mar. 31. The bill would exempt funding provided to the Children’s Health Insurance Fund and other health programs, as well as the tax overhaul package, from statutory pay-as-you-go requirements. It would provide $4.7 billion in emergency supplemental funds for missile defense and Navy ship repairs. It would also extend authorities under the Foreign Intelligence Surveillance Act through Jan. 19, including FISA Section 702, which allows U.S. intelligence agencies to obtain data from electronic service providers or non-U.S. persons who reside outside the U.S.

Passage of the bill that would make further supplemental appropriations for fiscal 2018 for disaster assistance for Hurricanes Harvey, Irma, and Maria and wildfires that occurred in calendar year 2017. The bill would authorizes $81 billion in aid for ongoing response and recovery from 2017 hurricanes and wildfires, and would authorize Puerto Rico to use surplus toll credits to cover the local share of federal highway emergency relief. The bill would remove a cap on federal highway assistance to U.S. territories for fiscal 2018 and 2019.